- US Q3 GDP development obtained revised increased to 2.9% from 2.6%.
- US Greenback Index stays in purple barely under 106.50.
The United States financial system grew at an annual charge of two.9% within the third quarter, the US Bureau of Financial Evaluation reported on Wednesday. This studying got here in higher than the preliminary estimate and the market expectation of two.6%.
“The second estimate primarily mirrored upward revisions to shopper spending and nonresidential mounted funding that have been partly offset by a downward revision to personal stock funding,” the BEA defined in its publication. “Imports, that are a subtraction within the calculation of GDP, decreased greater than beforehand estimated.”
The US Dollar Index recovered modestly with the preliminary response to this report and was final seen at 106.47, the place it was nonetheless down 0.35% on the day.
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